The Standard&Poor's international rating agency has upgraded the long-term rating of Ukraine in foreign currency from B to B+, the agency said.

The agency also upgraded long-term rating of Ukraine in national currency from B+ to BB-.

The S&P withdrew Ukraine's ratings from the CreditWatch list where they have been since July 22.

Standard & Poor's raised the long-term Ukraine national-scale rating by one notch to 'uaAA-' from 'uaA+'. The transfer and convertibility assessment was also raised to 'B+', in line with the foreign currency rating, and the recovery rating on the unsecured debt remains unchanged at '4'.

The rating action follows the approval by the IMF's Executive Board of a 29-month ($15.15 billion) stand-by arrangement, providing a policy anchor and giving Ukraine immediate access to around $2 billion of financing.

As Ukrainian News earlier reported, on July 22, the S&P announced possibility to raise Ukraine's ratings.

On July 28, International Monetary Fund executive board decided to allocate USD 15.15 stand by loan during 2.5 years.